Attorney James Pritikin says Wade "provided a very generous settlement" to ex-wife Siohvaughn Funches. Wade filed for divorce in 2007, and it was granted in 2010. He was awarded sole custody of his two sons in 2011.

Pro Athletes' Wives & Girlfriends

The settlement was announced three days after Funches sat on a busy Chicago street and said Wade left her homeless and destitute. Pritikin says Wade has been paying his ex-wife $25,000 a month, plus paid her mortgage, for four cars, insurance, taxes and the fees incurred by the 16 attorneys she retained during the divorce and custody fights.

Pritikin says a court will decide if Funches gets future visitation with her sons.